Owen v. Cohen: Difference between revisions
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'''Facts''': Parties entered into partnership to operate bowling alley. P loaned ~ $7000 to begin operation, assuming it to be a loan to partnership to be paid back over time. After commencing operation of bowling alley, partied began to disagree re: operation of business. Profits began to decline. | '''Facts''': Parties entered into partnership to operate bowling alley. P loaned ~ $7000 to begin operation, assuming it to be a loan to partnership to be paid back over time. After commencing operation of bowling alley, partied began to disagree re: operation of business. Profits began to decline. | ||
Revision as of 05:24, September 9, 2020
| Owen v. Cohen | |
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| Date decided | |
Facts: Parties entered into partnership to operate bowling alley. P loaned ~ $7000 to begin operation, assuming it to be a loan to partnership to be paid back over time. After commencing operation of bowling alley, partied began to disagree re: operation of business. Profits began to decline.
Procedural History: Trial ct ordered partnership be dissolved, a court appointed "receiver" sell assets of partnership, repay debt of P, and distribute remainder of $ to partners.
Arguments: D argued that only minor arguments should not be settled by the court.
Judgment: Affirmed.
